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Cassidy Fletcher

Cassidy Fletcher 609-425-6121 609-391-1330x423

1330 Bay Avenue, Ocean City

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For Sale 1318 Ocean Ave., 1318, Ocean City, NJ, 08226

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1318 Ocean Ave., 1318, Ocean City, NJ, 08226

$799,900

Cassidy Fletcher
  • Buyer Agent Compensation: N/A
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Welcome to Coconut Cove a Prime Investment Opportunity in Ocean City, NJ! Don’t miss this turnkey 2-bedroom, 1-bath unit located directly across the street from the iconic Ocean City Boardwalk. Coconut Cove is a high-performing rental property with a history of generating over $50,000 in annual income the last 3 years and on course to do close to $60,000 this current year. This 1200 sq ft unit comes fully furnished with themed coastal Coconut décor and brand new luxury vinyl plank flooring throughout. Features include a bright and open living space, a private front deck/patio perfect for enjoying ocean breezes, sleeping for 5, two dedicated parking spaces—a rare find this close to the beach and an outside shower. This well-maintained unit is ideally situated in one of the East Coast’s most popular resort destinations, \"America\'s Greatest Family Resort\" Ocean City, NJ, offering easy access to guarded beaches, iconic restaurants & shopping. Also, please take note, the Coconut Cove\'s sister property, The Pineapple Pad, 1312 Ocean Ave. (MLS # 596521) is also for sale. Own both units together and double your rental income, enjoy built-in management systems, and give guests tenants the option to book side-by-side stays, perfect for family or group stays! It\'s a rare chance to to invest in a turn-key Ocean City duo that\'s already up and running. Whether you\'re looking for a strong investment or a personal getaway with excellent rental potential, Coconut Cove checks all the boxes.

Listing courtesy of: GOLDCOAST SOTHEBY\'S INTERNATIONAL REALTY
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright South Jersey Shore Regional Multiple Listing Service. All rights reserved.
Total Rooms 5
Full Bath 1
# of Stories Three to Five
Year Build 2002
Lot Size
Tax 3828.00
SQFT
ExteriorStucco
OtherRoomsDen/TV Room, Dining Room, Laundry/Utility Room
HeatingForced Air, Gas-Natural
HotWaterGas
SewerPublic Sewer
Bedrooms 2
Half Bath 0
# of Stories Three to Five
Lot Dimensions
# Units
Tax Year 2024
Area Ocean City/Central
ParkingGarageNone
InteriorFeaturesKitchen Center Island, Pets Allowed
CoolingCeiling Fan(s), Central
WaterPublic Water
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Nearby Listings

Set along Central Avenue just two blocks from Ocean City’s beach and boardwalk, this top-floor three-bedroom, two-bath condominium offers a worry-free shore retreat in the heart of the action. Built around 1997 and thoughtfully updated, it welcomes you with a light, open-concept layout, high ceilings and a stylish beach-themed décor. Nearly all furnishings convey with the sale, so you can arrive with an over night bag and start enjoying your second home right away. Beyond the beach, everything you need is within easy reach. Stroll down Central Avenue to a variety of local shops, bakeries and boutiques, or head to Asbury Avenue for more shopping, coffeehouses, pizzerias and casual restaurants. The iconic Ocean City Boardwalk—with its amusement rides, mini-golf, arcades and bike rentals—offers entertainment options for all ages, and seasonal farmers markets, concerts and festivals keep the calendar full throughout the year. The condo’s major systems are in great shape: the roof was replaced about three years ago, the gas water heater was installed roughly five years ago and the natural-gas furnace and central air-conditioning system are only about six years old. With these big-ticket items taken care of, you can spend more time relaxing and less time worrying about maintenance. Off-street parking for three vehicles makes living here stress-free, even during busy summer months. Priced aggressively at $900,000 for such a desirable location, this turnkey condo is subject to the seller finding suitable replacement housing and completing a 1031 exchange. Opportunities like this don’t last—schedule your private showing today and make this shore retreat yours before it’s gone!

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